The balance of unrestricted funds as of February 28, 2012 was $10,261,063 which includes a $2.5M cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $5,700,221 at February month end plus $531,000 collected in February that was transferred into the PIF account the first part of March 2012.
The corporation has operated within its budget year-to-date.
